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Development offsets for ecosystem services in a rural residential development context: issues for the Murrindindi Shire application AgEcon
Coggan, Anthea; Whitten, Stuart M.; Collins, Drew.
Rural residential development could have a positive or negative effect on the supply of ecosystem services. In most cases, the effect tends to be negative. One way of managing the impact is through a market based instrument. In this paper we present a development offset MBI as a way of cost effectively managing the ecosystem service impact of development in the Murrindindi Shire, Victoria. In this paper we note that design of the instrument is critical to the success of any MBI, including development offsets. Key development offset design issues discussed in this paper include defining what is traded (the metric), facilitating trades in a thin marketplace with high transaction costs, and ensuring the offset is commensurate with the impact.
Tipo: Conference Paper or Presentation Palavras-chave: Rural residential development development offset; Market based instrument design Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/10363
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Managing Saline Groundwater Impacts from Irrigation - Designing and Testing Emissions Trading in Coleambally Irrigation Area AgEcon
Whitten, Stuart M.; Khan, Shahbaz; Collins, Drew; Ward, John; Robinson, David.
Irrigated agriculture often leads to recharge to local and regional groundwater systems greater than what the systems can absorb, resulting in the development of shallow watertables causing salinity and waterlogging. Policy based on emissions trading offers one option for effective management of existing recharge externalities if effective property rights to diffuse emissions can be defined. In this paper we combine the conclusions drawn from biophysical research with economic principles underpinning emissions trading to present such a system. Allocation of net recharge contracts to irrigation farms will internalize the costs associated with saline aquifer impacts. Irrigators may reduce their compliance costs by creating or purchasing credits that reduce...
Tipo: Conference Paper or Presentation Palavras-chave: Salinity; Irrigation; Recharge; Tradable emissions; Cap and trade; Hydrologic-economic modelling; Experimental economics; Resource /Energy Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/9975
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